Posted on 05/07/2011 6:37:11 AM PDT by blam
JIM ROGERS ON COMMODITIES: The Bull Market Will Go Up, Consolidate, Go Up, Consolidate, Go Up And Consolidate For Years
Gus Lubin
May 7, 2011, 8:56 AM
Jim Rogers didn't buy or sell anything during last week's commodity sell-off.
He says he isn't good at market timing. What he does believe is that we're in the middle of a commodity bull market where everything will go up for years.
Rogers tells the Economic Times:
"5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes up, consolidates, goes up and consolidates for years to come. That is my expectation for all commodities.
"I have not sold any commodity. I own all my commodities. We are in a flexible bull market. I hope I am smart enough in the entire 15 years to realize when the commodity bull market is finally coming to an end, I am probably smart enough to sell. This commodity bull market will probably end in a bubble. Most bull markets and most sectors, whether it is stocks, real estate, whatever it happens to me, lands in a bubble. We are far-far-far from a bubble so far."
(Excerpt) Read more at businessinsider.com ...
“Bull” market is the perfect description of it.
BS market more like it.
Absolutely. I wonder what it is going to take before the yahoos we elected in Washington D.C. get serious about saving the US$?
The population of the US won’t put up with the effects of low priced currency as well as the population of China does.
bttt
Interesting Jim Rogers interview from 2009:
India
Economic Times
http://economictimes.indiatimes.com/Opinion/Interviews/Fund-Managers-can-become-farmers-Jim-Rogers/articleshow/4610704.cms?curpg=1
Fund Managers can become farmers: Jim Rogers
4 Jun 2009, 0005 hrs IST, ET Bureau
Buy the dips is the correct trading method in secular bull markets. Gold and silver are in secular bulls. Stocks are in a cyclical bull. Im more afraid of stocks than I am of gold and silver.
When he says to buy cotton, what does that mean? How? Is there a fund that will buy those commodities or foreign currencies.
Please dont take this the wrong way as I used to know very little about the subject matter. If you have to ask that question you dont need to be doing this yourself. Yes there is a cotton fund. Yes there are currency funds. If you want/need help feel free to freepmail me.
Yes. To find clues to what could happen over the years to come, look at historical causes and effects. Central banks and governments have become fairly adept at extending declines. And they’ll put all that they have into the effort of sustaining the almighty dollar and the western debt economy on life support as long as they can. Shoot, if the decline is smooth enough, we might even avoid world wars over debts, trade and natural resources.
I wonder how I can invest in his new index fund
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